After the financial crisis, investors are asking advisors for both downside protection and returns. Many are turning to so-called “tactical allocation strategies” to beat the market, but do they really have the skills?
Pressure to serve only the wealthiest, wirehouses are ceding the mass affluent to the independent, DIY brokerage platforms. Indeed, “direct” brokerages are beginning to offer more advice.
Back in the early 1990s, USA Today published a hysterial headline that read: “Men and Women, Still Different.” I had a few years as a journalist under my belt, and I thought what a dumb headline. (The accompanying article, if I remember correc...